Hilfiger Hamptons Hideaway

Tommy Hilfiger, the designer who built his eponymous company into an urban fashion empire, wandered into an Allan M. Schneider office in the Hamptons and said he was seeking a house. His budget? Up to $25 million.

Now Hilfiger, 54, has gone into contract on a brand new, 20,000-square foot house in Bridgehampton. The property, which is set on 24 acres and includes a pool, tennis court and basketball court, was listed at exactly $25 million.

Read: Forbes